To: H James Morris who wrote (115878 ) 1/21/2001 3:03:20 PM From: Glenn D. Rudolph Respond to Employment reached as high as 658 people in July and the company was to be the anchor tenant of Lincoln Square, a Bellevue office tower opening in 2002. Chief Executive Peter Neupert said the cost-cutting is designed to enable the 2-year-old company to begin breaking even in 2004 without additional capital. He said it has learned to be more efficient, especially with its marketing. On Monday, for instance, drugstore.com is expected to announce that, even as online retailing's sustainability is being questioned, its fourth-quarter net sales were 90 percent higher than during the same period last year, and in fact exceeded net sales for all of 1999. It also pushed back its expected break-even date from 2003 to 2004 Among those affected are workers in marketing, administration, production and operations. Fuchs said investors should remain cautious because the restructurings are being done "by the same people who thought e-commerce was going to take over the world."
